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Lie Research Is Behind Pulitzer Prize

They may not be rock stars, but as far as finance professors go, Indiana University's Randall Heron and the University of Iowa's ERIK LIE are as close to attaining rock star celebrity as it gets. Their research about backdating stock options was behind The Wall Street Journal's reporting that won a Pulitzer Prize this week. Heron and Lie spent much of Wednesday holed up on the Indiana University-Purdue University campus in Indianapolis discussing ways to capitalize on their newfound status. Since their groundbreaking research hit the Journal of Financial Economics in February, offers have poured in for speaking and consulting gigs. The newspaper is based in Indiana.

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